Lam Soon (Thailand) Public Company Limited (LST) - Net Assets

Latest as of March 2026: ฿6.24 Billion THB ≈ $194.56 Million USD

Based on the latest financial reports, Lam Soon (Thailand) Public Company Limited (LST) has net assets worth ฿6.24 Billion THB (≈ $194.56 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿9.25 Billion ≈ $288.22 Million USD) and total liabilities (฿3.00 Billion ≈ $93.66 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore LST total asset value for the complete picture of this company's asset base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	฿6.24 Billion
% of Total Assets	67.5%
Annual Growth Rate	6.64%
5-Year Change	28.57%
10-Year Change	74.27%
Growth Volatility	5.63

Lam Soon (Thailand) Public Company Limited - Net Assets Trend (2000–2025)

This chart illustrates how Lam Soon (Thailand) Public Company Limited's net assets have evolved over time, based on quarterly financial data. Check Lam Soon (Thailand) Public Company Limit tangible equity quality to evaluate the tangible quality of the company's equity base.

Annual Net Assets for Lam Soon (Thailand) Public Company Limited (2000–2025)

The table below shows the annual net assets of Lam Soon (Thailand) Public Company Limited from 2000 to 2025. For live valuation and market cap data, see LST market cap.

Year	Net Assets	Change
2025-12-31	฿6.09 Billion ≈ $189.69 Million	+6.40%
2024-12-31	฿5.72 Billion ≈ $178.28 Million	+6.20%
2023-12-31	฿5.39 Billion ≈ $167.86 Million	+7.29%
2022-12-31	฿5.02 Billion ≈ $156.46 Million	+6.05%
2021-12-31	฿4.73 Billion ≈ $147.54 Million	+10.37%
2020-12-31	฿4.29 Billion ≈ $133.67 Million	+1.98%
2019-12-31	฿4.21 Billion ≈ $131.08 Million	+6.18%
2018-12-31	฿3.96 Billion ≈ $123.45 Million	+6.19%
2017-12-31	฿3.73 Billion ≈ $116.26 Million	+6.80%
2016-12-31	฿3.49 Billion ≈ $108.85 Million	+8.35%
2015-12-31	฿3.22 Billion ≈ $100.46 Million	+4.18%
2014-12-31	฿3.09 Billion ≈ $96.43 Million	+8.49%
2013-12-31	฿2.85 Billion ≈ $88.89 Million	+5.09%
2012-12-31	฿2.71 Billion ≈ $84.58 Million	+8.19%
2011-12-31	฿2.51 Billion ≈ $78.18 Million	+3.42%
2010-12-31	฿2.43 Billion ≈ $75.60 Million	-0.79%
2009-12-31	฿2.44 Billion ≈ $76.20 Million	+7.62%
2008-12-31	฿2.27 Billion ≈ $70.81 Million	+14.80%
2007-12-31	฿1.98 Billion ≈ $61.68 Million	+1.39%
2006-12-31	฿1.95 Billion ≈ $60.83 Million	+12.93%
2005-12-31	฿1.73 Billion ≈ $53.87 Million	+10.01%
2004-12-31	฿1.57 Billion ≈ $48.97 Million	+3.98%
2003-12-31	฿1.51 Billion ≈ $47.09 Million	+26.59%
2002-12-31	฿1.19 Billion ≈ $37.20 Million	-0.08%
2001-12-31	฿1.19 Billion ≈ $37.23 Million	-2.11%
2000-12-31	฿1.22 Billion ≈ $38.04 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Lam Soon (Thailand) Public Company Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 3338.2% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	฿4.31 Billion	77.91%
Common Stock	฿820.00 Million	14.82%
Other Comprehensive Income	฿160.28 Million	2.90%
Other Components	฿241.97 Million	4.37%
Total Equity	฿5.53 Billion	100.00%

Lam Soon (Thailand) Public Company Limited Competitors by Market Cap

The table below lists competitors of Lam Soon (Thailand) Public Company Limited ranked by their market capitalization.

Company	Market Cap
Interactive Digital Technologies TWO:6486	$122.18 Million
Nakamoto Inc. NASDAQ:NAKA	$122.20 Million
Grammer AG XETRA:GMM	$122.24 Million
BingEx Ltd NASDAQ:FLX	$122.25 Million
Kopla Co. Ltd KQ:126600	$122.12 Million
Selectquote Inc NYSE:SLQT	$122.10 Million
Adriano Care SOCIMI SAU MC:YADR	$122.09 Million
Bank Negara Indonesia Tbk JK:BBNI	$122.07 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Lam Soon (Thailand) Public Company Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 5,202,882,552 to 5,534,097,229, a change of 331,214,677 (6.4%).
Net income of 527,940,568 contributed positively to equity growth.
Dividend payments of 196,763,295 reduced retained earnings.
Other comprehensive income increased equity by 4,919,285.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	฿527.94 Million	+9.54%
Dividends Paid	฿196.76 Million	-3.56%
Other Comprehensive Income	฿4.92 Million	+0.09%
Other Changes	฿-4.88 Million	-0.09%
Total Change	฿-	6.37%

Book Value vs Market Value Analysis

This analysis compares Lam Soon (Thailand) Public Company Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 0.71x
The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
The price-to-book ratio has decreased from 2.33x to 0.71x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2003-12-31	฿2.05	฿4.78	x
2004-12-31	฿1.71	฿4.78	x
2005-12-31	฿1.85	฿4.78	x
2006-12-31	฿2.00	฿4.78	x
2007-12-31	฿2.01	฿4.78	x
2008-12-31	฿2.35	฿4.78	x
2009-12-31	฿2.59	฿4.78	x
2010-12-31	฿2.59	฿4.78	x
2011-12-31	฿2.66	฿4.78	x
2012-12-31	฿2.92	฿4.78	x
2013-12-31	฿3.07	฿4.78	x
2014-12-31	฿3.36	฿4.78	x
2015-12-31	฿3.53	฿4.78	x
2016-12-31	฿3.82	฿4.78	x
2017-12-31	฿4.14	฿4.78	x
2018-12-31	฿4.42	฿4.78	x
2019-12-31	฿4.74	฿4.78	x
2020-12-31	฿4.80	฿4.78	x
2021-12-31	฿5.25	฿4.78	x
2022-12-31	฿5.54	฿4.78	x
2023-12-31	฿5.96	฿4.78	x
2024-12-31	฿6.34	฿4.78	x
2025-12-31	฿6.75	฿4.78	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Lam Soon (Thailand) Public Company Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 9.54%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 4.12%
• Asset Turnover: 1.49x
• Equity Multiplier: 1.56x
Recent ROE (9.54%) is below the historical average (11.44%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2000	10.57%	5.29%	1.71x	1.17x	฿6.94 Million
2001	11.08%	5.42%	1.69x	1.21x	฿12.86 Million
2002	10.53%	4.77%	1.73x	1.27x	฿6.37 Million
2003	14.36%	6.15%	1.57x	1.49x	฿65.83 Million
2004	10.65%	2.61%	1.38x	2.95x	฿8.16 Million
2005	3.84%	1.05%	1.54x	2.37x	฿-86.60 Million
2006	14.02%	4.26%	1.51x	2.18x	฿65.61 Million
2007	10.95%	2.71%	1.54x	2.62x	฿15.69 Million
2008	23.87%	4.78%	2.06x	2.42x	฿266.76 Million
2009	16.87%	5.17%	1.45x	2.26x	฿145.98 Million
2010	9.36%	2.66%	1.55x	2.27x	฿-13.56 Million
2011	7.71%	1.89%	1.57x	2.60x	฿-49.88 Million
2012	11.59%	3.65%	1.47x	2.16x	฿38.16 Million
2013	9.93%	3.41%	1.42x	2.05x	฿-1.66 Million
2014	13.82%	4.50%	1.65x	1.86x	฿105.28 Million
2015	10.77%	3.80%	1.40x	2.03x	฿22.14 Million
2016	10.55%	4.00%	1.39x	1.90x	฿17.22 Million
2017	11.91%	4.73%	1.42x	1.78x	฿64.75 Million
2018	10.52%	5.23%	1.42x	1.42x	฿18.87 Million
2019	12.41%	7.53%	1.19x	1.39x	฿93.72 Million
2020	9.74%	5.69%	1.18x	1.45x	฿-10.25 Million
2021	12.97%	5.87%	1.48x	1.49x	฿127.84 Million
2022	9.52%	3.76%	1.65x	1.53x	฿-21.73 Million
2023	10.51%	4.77%	1.53x	1.44x	฿25.18 Million
2024	9.93%	4.46%	1.48x	1.50x	฿-3.66 Million
2025	9.54%	4.12%	1.49x	1.56x	฿-25.47 Million

Industry Comparison

This section compares Lam Soon (Thailand) Public Company Limited's net assets metrics with peer companies in the Farm Products industry.

Industry Context

Industry: Farm Products
Average net assets among peers: $50,355,953,533
Average return on equity (ROE) among peers: 16.62%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Lam Soon (Thailand) Public Company Limited (LST)	฿6.24 Billion	10.57%	0.48x	$122.17 Million
Ai Energy Public Company Limited (AIE)	$373.88 Million	-11.14%	5.30x	$51.77 Million
Agripure Holdings Public Company Limited (APURE)	$412.68 Million	7.81%	0.68x	$60.27 Million
Bangkok Ranch PCL (BR)	$2.18 Billion	30.36%	1.93x	$56.09 Million
Charoen Pokphand Foods Public Company Limited (CPF)	$120.78 Billion	15.56%	1.57x	$5.19 Billion
Chumporn Palm Oil Industry Public Company Limited (CPI)	$1.36 Billion	14.82%	0.35x	$72.18 Million
Thaifoods Group Public Company Limited (TFG)	$15.59 Billion	30.29%	1.93x	$1.83 Billion
Thaifoods Group Public Company Limited (TFG-R)	$2.59 Billion	39.95%	2.92x	$1.87 Billion
T S Flour Mill Public Company Limited (TMILL)	$307.94 Billion	11.21%	1.59x	$34.30 Million
Thai Sugar Terminal Public Company Limited (TSTE)	$1.99 Billion	10.74%	0.52x	$125.45 Million

About Lam Soon (Thailand) Public Company Limited

BK:LST Thailand Farm Products

Market Cap

$122.17 Million

฿3.92 Billion THB

Market Cap Rank

#18414 Global

#259 in Thailand

Share Price

฿4.78

Change (1 day)

+0.42%

52-Week Range

฿4.56 - ฿4.86

All Time High

฿7.00